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Absa's Sectional title insurance policy caters for
all Sectional Title holders whether they reside in a single block of flats
or in a Townhouse complex consisting of individual or dual units and it covers
the building and its fixtures and fittings.
A Sectional tile policy is normally under the care of a Body Corporate who
will take care of the complex's administrative needs and may advise the
insurers on the insurance needs of the owners.
The policy will provide for major disasters that may occur through a fire,
storms, hail, earthquake. It will also provide for damages that may occur through
the bursting of pipes or geysers or the overflowing of pipes.
The policy will also pay the rental value for hiring additional premises to
reside in whilst an insured cannot stay in his own premises as a result of
a loss insured in terms of the policy. Liability towards the public is covered
for any acts of negligence. Personal Accident cover is included free of charge
for employees of the complex. |
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| Some special features: |
| Inflation escalation provided for. |
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| Cover for the following risk are included for free: |
| Machinery Breakdown, Geysers, Trustee Liability, Money, Fidelity Guarantee,
Office contents, Employers liability. |
| ABSA Buildings Combined Insurance Policy |
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| Absa's Buildings Combined Insurance policy caters for all private, public and
commercial property owners. The policy provides cover for all permanent buildings, constructed
of bricks, stone or concrete and roofed with slate, tiles, metal, concrete or asbestos. Cover also
extends to buildings with permanently fitted carpets including landlord's fixtures and fittings.
The policy will provide for any damages/ losses suffered resulting from perils of fire, storm,
hail, earthquarke, droppings from aircrafts or any aerial articles, leakages from geysers and burst
pipes, theft resulting from forcible and violent entry and malicious damage. The resultant loss of
rent following the property being rendered uninhabitable and liability to third parties due to
negligence of the insured is also covered. Accidental damage to fixtures and fittings of the
building is also provided for.
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| Free Covers provided: |
| Machinery Breakdown, Accidental Damage, Trustees Liability, Public Liability, Money,
Fidelity Guarantee, Office Contents, Employer's Liability and Business All Risks.
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| Extended Cover available: |
| Subsidence and Lanslip, Geysers, Escalation, Inflation, Rent loss exceeding the
standard policy limit, Extended Liability, Mining Cover and Accidental breakage of plate glass. |
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